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Gold/Mining/Energy : Global Platinum & Gold (GPGI)
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To: Tim Hall who wrote (8341)11/9/1998 4:33:00 PM
From: Ed Fishbaine  Read Replies (2) of 14226
 
Tim Hall,

As I understand it the raw ore is screened to three quarter mesh. There is no brush left though there might be small twigs. This is the Hassayampa ore pile and it can be processed through the ball mill. There are few pebbles left but if it is further screened there might be a 20% reduction at most. Assume a 50% reduction.

If the Hassayampa is 500,000 tons, with the reduction the quantity is 250,000 tons. Zeev Hed estimated the ore pile at 600,000. I have it on reliable authority that the pile is 1.1 million tons.

250,000 tons at 10 oz 2,500,000 oz = @ 300 per oz = $750 million. Reduce by 50% to final processing = $375 million.

The raw ore at the Hassayampa property is calculated at 15 million tons. With a 4:1 stripping ratio to threequarter mesh the yield is 3.75 million. Further reduction by 50% yields 1.87 million tons. The property was tested with pits to 30 feet on which the calculation was made. The ore probably goes to hundreds of feet.

The Weaver Creek has 100 million tons of raw ore to 30 feet and the ore grade is reputedly slightly higher than at the Hassayampa.

Anybody need more than several centuries reserves? With Global geared up to 10,000 tons per day it would produce enough pgms to supply a large percentage of the world¹s current needs.

Flavel is right: we have a hell of a deposit.
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